Streetbeat News

Earnings

PCG

Pacific Gas & Electric (PCG) has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 to a range of $1.33 to $1.37, up from the previous estimate of $1.31 to $1.35. This new forecast is compared against an analyst consensus estimate of $1.35.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:15 am

LCID

RIVN

Rivian Automotive and Lucid Group saw their stock prices plummet in premarket trading following disappointing earnings reports. Rivian missed production targets and announced a workforce reduction, while Lucid missed revenue expectations and provided weak delivery guidance.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 11:14 am

GRAB

Grab Holdings (NASDAQ:GRAB) reported Q4 GAAP EPS of $0.01, surpassing the $(0.01) estimate, marking a 200% beat and a 110% increase from last year's $(0.10) per share loss. Quarterly sales reached $653M, exceeding the $628.98M estimate by 3.82% and showing a 30.08% increase from the previous year's $502M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:13 am

ACRE

Ares Commercial Real Estate (ACRE) reported Q4 adjusted earnings of $0.20 per share, surpassing the $(0.01) estimate by 2100%, but saw a 54.55% decrease from last year's $0.44. Sales were $17.55M, missing the $23.89M estimate by 26.54%, and marking a 42.28% decrease from last year's $30.41M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:13 am

GRAB

Grab Holdings (NASDAQ:GRAB) reported Q4 GAAP EPS of $0.01, surpassing the analyst consensus estimate of $(0.01) by 200%. This represents a significant improvement from a loss of $(0.10) per share in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:10 am

PCG

PG&E (NYSE:PCG) reported Q4 adjusted earnings per share of $0.47, surpassing the analyst consensus estimate of $0.45 by 4.44%. This represents an 80.77% increase from the $0.26 per share reported in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:08 am

LKQ

LKQ Corp. has provided its financial outlook for FY24, expecting an adjusted diluted EPS in the range of $3.90-$4.20, compared to the analyst estimate of $4.11. The company also forecasts organic revenue growth for its parts and services segment to be between 3.5% and 5.5%.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:07 am

ENOV

Enovis has projected its adjusted EPS for fiscal year 2024 to be in the range of $2.50-$2.65, which is below the consensus estimate of $2.71.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:04 am

AHH

Armada Hoffler Properties projects its FY24 Normalized Funds From Operations (FFO) to be in the range of $1.21 to $1.27.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:04 am

ENOV

Enovis has projected its fiscal year 2024 revenues to be in the range of $2.05 billion to $2.15 billion, which aligns closely with the consensus estimate of $2.12 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am